On 14 March 2024, New Zealand Inland Revenue published Amendment Paper No 20 on proposed changes to the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill. The proposed changes would:
- Phase back in the ability to claim interest deductions for residential investment properties, allowing an 80% deduction from 1 April 2024 to 31 March 2025 and a 100% deduction from 1 April 2025 onwards for all taxpayers (currently scheduled to be reduced to a 25% deduction from …